Data extracts from Dilley's accounts are shown below Ye-Dec-21 Ye-Dec-20 Non-current assets (nbv) 206,000 200,000 Plant Inventory Receivables Cash at Bank Total Assets Share Capital Reserves Long term loans Payables Taxation Interest Total Liabilities & Equity Operating Profits Interest Taxation Profit for the Year Notes: Annual depreciation charges were £20,000. There were no non-current asset disposals. Required: a) Prepare a statement of cashflows for Ye-Dec-21. b) Reconcile the annual movement in non-current assets. c) For Ye-Dec-21 calculate: Interest Cover Ratio, Current & Quick Asset ratios 85,000 74,000 150,000 120,000 46,000 15,000 487,000 409,000 210,000 210,000 77,000 70,000 92,000 32,000 95,000 89,000 8,000 5,000 5,000 3,000 487,000 409,000 50,000 -15,000 -10,000 25,000

Data extracts from Dilley's accounts are shown below Ye-Dec-21 Ye-Dec-20 Non-current assets (nbv) 206,000 200,000 Plant Inventory Receivables Cash at Bank Total Assets Share Capital Reserves Long term loans Payables Taxation Interest Total Liabilities & Equity Operating Profits Interest Taxation Profit for the Year Notes: Annual depreciation charges were £20,000. There were no non-current asset disposals. Required: a) Prepare a statement of cashflows for Ye-Dec-21. b) Reconcile the annual movement in non-current assets. c) For Ye-Dec-21 calculate: Interest Cover Ratio, Current & Quick Asset ratios 85,000 74,000 150,000 120,000 46,000 15,000 487,000 409,000 210,000 210,000 77,000 70,000 92,000 32,000 95,000 89,000 8,000 5,000 5,000 3,000 487,000 409,000 50,000 -15,000 -10,000 25,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 16P: Ratios Analyses: McCormick Refer to the information for McCormick above. Additional information for...

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Following information is available in respect of A LtdParticulars As on 31.3.2019(Rupees. In Lacs)As on 31.3.2020(Rupees. In Lacs)Investment in FinancialAssets- 100Equity Share Capital 150 160Long term Loans taken 100 200Dividend paid - 26Dividend received - 10Interest received - 15a. Prepare the cash flow from financing activities from the above information and givereasons for each element whether these elements belongs to financing activities or not
Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Balance Sheet 2,800,000 Less: accum. depr.(1,087,500) Net fixed assets Total assets Liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term debt Owner's equity Total liabilities and owner's equity 2) Debt ratio. Income Statement $400,000 Net sales (all credit) 1,415,000 Less: Cost of goods sold Selling and administrative 1,847,500 expense 24,000 Depreciation expense 3,686,500 Interest expense Earnings before taxes Income taxes 1.712.500 Net income $5,399,000 $600,000 875,000 92,000 $1,567,000 900,000 2,932,000 $5,399,000 Based on the information in the above table, calculate the following ratios. 1) Current ratio. $6,375,000 (4,375,000) (1,000,000) (135,000) (100,000) $765,000 (306,000) $459,000